Chalmers is in the driver’s seat as another Labor government copes with an economic crisis – very different from the GFC, but similar in being driven by circumstances not of the government’s making.
In this podcast, @michellegrattan and @amandadunn10 discuss the PwC scandal, Mark McGowans resignation, the PMs Singapore trip, and the inflation figures from the ABS
The Fed’s campaign of rate hikes is showing more signs of having the intended effect of slowing the economy – but that may be bad news for those who lose their jobs or have a harder time finding one.
@Michellegrattan and @amandadunn10 discuss the RBA's decision on interest rates, the Aston byelection result, the passing of First Nations leader Yunupingu, and TikTok bans
Crises fueled by bank runs, starting with the Great Depression, have had something in common: Unexpected changes spur bank failures, followed by general panic and then large-scale economic distress.
Raising rates to fight inflation involves a time lag so current efforts to bring down prices won’t start having an impact until the next election is approaching.